| Contribution and Benefit Limits |
|
|
|
| Elective Deferral Limit |
$19,500 |
$19,500 |
$19,000 |
| Catch-Up Contributions |
$6,500 |
$6,500 |
$6,000 |
| Annual Contribution Limit |
$58,000 |
$57,000 |
$56,000 |
| Annual Contribution Limit including Catch-Up Contributions |
$64,500 |
$63,500 |
$62,000 |
| Annual Benefit Limit |
$230,000 |
$230,000 |
$225,000 |
| Compensation Limits |
|
|
|
| Maximum Plan Compensation |
$290,000 |
$285,000 |
$280,000 |
| Income Subject to Social Security |
$142,800 |
$137,700 |
$132,900 |
| Key EE Compensation Threshold |
$185,000 |
$185,000 |
$180,000 |
| Highly Compensated EE Threshold |
$130,000 |
$130,000 |
$125,000 |
| IRA Limits |
|
|
|
| SIMPLE Plan Elective Deferrals |
$13,500 |
$13,500 |
$13,000 |
| SIMPLE Catch-Up Contributions |
$3,000 |
$3,000 |
$3,000 |
| Individual Retirement Account (IRA) |
$6,000 |
$6,000 |
$6,000 |
| IRA Catch-Up Contribution |
$1,000 |
$1,000 |
$1,000 |
